Strong internal controls are key to any effective accounts payable function. Without such controls, fraud is easier to commit, duplicate payments increase and the function is not cost-effective. This course presents information the professional can use to identify control problems and implement strong controls. Industry expert Mary Schaeffer shows auditors, controllers, and managers where control issues are likely to occur, how to strengthen controls, and best practices for a control-effective accounts payable function.
Learning Objectives
Identify really bad accounts payable practices that weaken controls
Demonstrate the interaction between fraud and internal controls
Identify weak control practices that don’t curtail duplicate payments
Identify common purchase order problems and solutions to fix them
Recognize invoice automation control issues as they arise
Implement the proper controls around the check production process
Identify poor controls related to check request forms
Identify controls that should be incorporated into every corporate procurement program
Identify issues created by Super Users of ERP systems
To complete this course participants need to: View the video and complete an assessment exam with a minimum passing grade of 70% or higher.
Upon course completion a course evaluation form is provided for your feedback.
You have 1 year from the time of purchase/enrollment to complete the course.
Our Refund Policy can be found at: cpeprime.com/cancellation-and-refund/